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20121205
20121213
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Search Results 0 to 14 of about 15 (some duplicates have been removed)
testing. >> governor romney agreed, and if you look at president obama's proposal for medicare cuts, there is means testing in that. i think we need both tax revenue, and we need much more than what tax reform will get us, we also need higher tax rates, and spending cuts. it has to be balanced. i'm optimistic, it feels to me like they're coming to a middle ground. >> i don't see that. right now when i listen to the democrats, i'm hearing no cuts in medicare, medicaid, social security, some are saying it's not even a problem -- >> they kind of don't matter at this point, right? >> they don't matter, but we talk so much about the politics within the republican party, and within the republican caucus of the house, and talk to seen your democrats and they will tell you, rank and file democrats, emanuel cleaver, who is the tom cole of the left, it will be hard for them at the end of the day to say you'll have to give on raising the eligibility age for medicare. that's not easy for democrats to swallow. >> the deals that were made, recently, have not been from the right and the left. the
, not irresponsible entitlements. that gets a pass. it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united states from super power status. >> this president just won a big election and you would think that he would want to lead. >> we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cuts. >> tax cuts. the whole premise of tax cuts is going to be blamed for all of this economic mess. >> this is a moment of truth. the clock is ticking, christmas it coming, the goose is getting fat. in many homes across america, it's a very, very lean time. >> the reports indicate that the president has adopted a deliberat
of president obama's job initiatives including the american jobs act and had passed the middle income tax cut. >> so let's cut to the chase. one of those congressional members is lying. either the republicans are right on cutting taxes on small business also add jobs, or the president's stimulus policies are fuelling the economic recovery in this country. joining me tonight to sort out the facts, david cay johnston, pulitzer prize winning journalist and author of "the fine print. let's start with the job growth. unemployment hit rock bottom near the beginning of the -- under the bush administration. you can see this right here. and this of course the changing the color here is when president obama took over in january of '09. who is responsible for this turnaround? >> absolutely the president. and it would be a better turnaround if the republicans had allowed a bigger stimulus. we'd have many more jobs. >> you'd make the case we didn't spend enough on the economy? >> not only did we not spend enough, but we wasted 40% of it on tax cuts for small business, which is inherently savings and not s
say they were very saddened by the news. >> new reports in this morning obama administration might sue the state recently passed initiative decriminalize the recreational use of pot. still illegal under federal law. options for the preventing the state from regulating and taxing marijuana or cutting off federal cash. and forget about the fiscal cliff. some members of congress well, they are focusing on the king. ♪ return to sender ♪ address unknown >> 10 lawmakers pushing for a resolution to make january 8th elvis presley day. that's the king of rock and roll's birthday. democratic north carolina congressman larry kissel introduced this resolution. he said that elvis should be recognized for his impact on our nation. kissel was redefeated for election last month. >> redefeated. >> redefeated. >> never know. take a look at the first alert forecast. >> what does that mean. >> he was defeated and redeeted. >> successful at being defeated. dense fog this morning again at areas around baltimore. down across pars of virginia and north carolina and south carolina and parts of florida. hea
. will i accept a tax increase as part of a deal to solve our problems? yes. >> president obama wants republicans to sign off on the wealthy tax hike before any negotiations about send spending cuts dpin. >>> a cloud of political uncertainty hanging over venezuela. hugo chavez is traveling to cuba for surgery for a third time. this time he named the vice president to replace him in case something was to happen to them. earlier parliament votes unanimously to give him permission leave the country. >>> a man who shot three people to death on an indian reservation in california has been killed. police near fresno were involved in the shoot-out with the man that reportedly opened fire earlier on several people, three of whom died. his two young daughters were wounded, and police chased the suspect and said he shot at them, too. >>> the national menorah in front of the white house, illuminated tonight, marking the start of hanukkah. of course, no hanukkah celebration would be complete without a spinning draddel. >> the big event at the nation's capital, president obama will be inaugurated
tax cuts to expire for income over $250,000. that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering an austerity-induced recession. markets would be convulsing as they realize our austerity crisis is about to become also a default crisis. and so the economy, as a whole, is going to be going nuts. poll after poll already shows republicans are receiving more blame for the potential failure of the debt talks. and after telling the press they're going to make a strategic decision to use a debt ceiling as
different views. my view and senator corker's views are different but we will have to find spending cuts. >> heather: brad blakeman is assistant to george w. bush and joe seos peculiar is a former congressman. i want to go to the meeting between obama and boehner, what do you think the significance is and what do you think happened. congressman secretary peculiar i will begin with you? >> i believe -- congressman sespek we'll begin with. >> you we know we need $3 trillion in addition to the $1 trillion you just listed. we know that we have to have about $1.4 trillion. more boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to the principle compromise so we
and speaker have taken no concrete steps to resolve the so-called fiscal cliff. president obama remains insistent that republicans yields to his ultimatum that he be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reduce trillion dollar deficits and a national debt that is now mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on fiscal policy that would make both casey stiegel and yogi berra proud. the nation now just 24 days away from $600 billion of spending cuts and tax increases that will automatically kicked in. and pelosi has some wise words for washington. please listen terror. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat. in many homes across america it is very, very lean times. you cannot cut your way to deficit reduction. lou: that's right. pelosi says we cannot get our way to defic
Search Results 0 to 14 of about 15 (some duplicates have been removed)